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Lease-To-Own Services Make A Comeback With Overstock.com

PYMNTS

Lease-to-own services are making a comeback with eCommerce retailers. The option, provided by Progressive Leasing , allows customers to lease products for as long as a year and is available for over three million products on the retailer’s website. In an announcement , Overstock.com founder and CEO Patrick M.

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Sears Offers Online ‘LEASE IT’ Financing Program

PYMNTS

The retail chain originally launched LEASE IT in 2012, aimed at providing an affordable solution to those who do not have credit or cannot benefit from layaway because they need the product immediately. Lease payments can be automatically deducted from a member’s bank account or credit card.

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SNAP Users Shut Out Of The Digital Grocery Aisles

PYMNTS

The government first began investigating the prospect of allowing SNAP card recipients to pay for their groceries online four years ago, in 2016 , and had begun to design a pilot program with grocery players. An opinion, incidentally, that some retailers, particularly Walmart, concur with. Though Walmart is a participant in the U.S.

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PSCU’s Lumin Teams With Vermont Credit Union To Provide Digital Banking

PYMNTS

PSCU’s Lumin Digital has signed the Vermont State Employees Credit Union (VSECU) to a multi-year digital banking and cloud computing agreement, Lumin announced on Wednesday (Feb. Lumin Digital will be the credit union’s digital solution for retail and business banking, as well as bill pay solutions.

Vermont 142
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The Whole Paycheck Tracker: HQ Enhancements, Empathetic AI And Special Guest Bernie Sanders

PYMNTS

Left Turn of the Week: Gifts Cards For Body Scans. In an attempt to learn more about the diversity of human shapes and sizes, Amazon is paying volunteers (a $25 Amazon gift card) to get scanned, taped and photographed as part of a study to “learn about diversity among body shapes.”. Particularly when it comes to AI and advertising.

New York 109
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The 2022 GonzoBanker Awards

Gonzobanker

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. Acronym of the Year – CCCA (Credit Card Competition Act). Goes to New England Federal Credit Union and Vermont State Credit Union. Goes to Sen.

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Banking Is Only The Beginning: 30 Big Industries Blockchain Could Transform

CB Insights

Abra, another blockchain-enabled mobile wallet and payments startup, was recently integrated into the payments ecosystem of American Express: through a new feature , customers will be able to fund their Abra wallets using an eligible American Express Card. Gift cards and loyalty programs. Cybersecurity.